Sign in

Please complete all fields in the form to login.
Username and password fields are case sensitive

If you have forgotten your username or password please use
the forgotten your username/password link below.

Remember me, by ticking the box you
are confirming you are happy for your details to be remembered
and used the next time you use this computer to visit
eFinancialNews.com. By doing this, you'll be able to access
restricted content without logging in each time you
visit the site.

Ares sets price range for listing

Ares Management, in a filing on Tuesday, outlined plans to issue 18.2 million shares in its initial public offering, with the expectation that the flotation will be priced in a range of $21 to $23 a share.

The 17-year-old US private equity firm estimates that the net proceeds from the listing will be about $237.5m. Ares said that it is looking to raise up to $481.3m in the offering, adding its market value could be as high as $4.86bn if the IPO is priced at the top end of the range. The deal is being led by JP Morgan Chase and Bank of America Merrill Lynch.